Charles Schwab Investment Management Inc. Buys 30,732 Shares of Hasbro, Inc. (NASDAQ:HAS)

Charles Schwab Investment Management Inc. grew its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,126,975 shares of the company's stock after acquiring an additional 30,732 shares during the period. Charles Schwab Investment Management Inc. owned 0.81% of Hasbro worth $57,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HAS. Commonwealth Equity Services LLC increased its position in Hasbro by 7.9% in the third quarter. Commonwealth Equity Services LLC now owns 26,840 shares of the company's stock worth $1,775,000 after purchasing an additional 1,975 shares during the period. Teacher Retirement System of Texas lifted its holdings in Hasbro by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 10,201 shares of the company's stock valued at $675,000 after buying an additional 246 shares during the period. New Mexico Educational Retirement Board boosted its stake in Hasbro by 7.9% in the third quarter. New Mexico Educational Retirement Board now owns 6,809 shares of the company's stock valued at $450,000 after acquiring an additional 500 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Hasbro by 8.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 10,804 shares of the company's stock worth $715,000 after acquiring an additional 820 shares during the period. Finally, Albion Financial Group UT raised its position in shares of Hasbro by 105.7% during the 3rd quarter. Albion Financial Group UT now owns 58,743 shares of the company's stock valued at $3,885,000 after acquiring an additional 30,192 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 1.1 %

Shares of HAS traded up $0.65 during midday trading on Friday, hitting $60.13. The stock had a trading volume of 1,411,987 shares, compared to its average volume of 1,701,913. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of -5.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.67. The company has a 50 day simple moving average of $57.47 and a two-hundred day simple moving average of $51.76. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.34. The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. Hasbro's revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. On average, analysts anticipate that Hasbro, Inc. will post 3.65 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on HAS. StockNews.com raised Hasbro from a "sell" rating to a "hold" rating in a research note on Wednesday, April 24th. Bank of America increased their price target on shares of Hasbro from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, April 25th. Jefferies Financial Group boosted their price objective on shares of Hasbro from $61.00 to $63.00 and gave the company a "buy" rating in a report on Friday, April 19th. DA Davidson upped their target price on shares of Hasbro from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Finally, Monness Crespi & Hardt boosted their price target on shares of Hasbro from $60.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $66.36.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.